INTERNATIONAL BRIEFS;Granada Sets Price For White Hart Sale

Granada Group P.L.C., which said last month that it intended to sell 60 White Hart hotels to Regal Hotels Group P.L.C., set the price for the sale at L121.7 million ($185 million) in cash. That is above the price that Regal was planning to pay for the chain in January when it was owned by Forte P.L.C., Britain's largest hotelier. Granada acquired Forte earlier this year in a L3.9 billion takeover.

Granada said it had agreed to sell 60 of the White Hart hotels. Originally, Forte agreed to sell 67 of the 72 White Hart hotels at nearly the same price, L122 million, payable in cash and shares. (Bloomberg Business News)